Iconic Australian denim brand Ksubi (formerly Tsubi) may go the way of PHI says an news.com.au. According to the article the parent company has been placed into voluntary administration in a last ditch effort to save the Ksubi brand. In the meantime all the Ksubi stores will continue to remain open until the restructuring of the company is complete. In the financially difficult times the company has tried various options to increase growth including licensing deals. These have not given the company the oomph to successfully weather the economic crisis.
We hope this is only a hiccup for Ksubi, and that they will successfully weather this storm to come back stronger in the coming year.